Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.007%

Price spread now: Injective against OKX−0.706%88s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.706% cheaper against OKX than usual: you would sell low and buy high (spread −0.706% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$71 on $10k: about 2 months of funding at the current rate (+$1 a day). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WMT-USDT-SWAP	107.58	0	get 0.0000% / 8h	2h 09m	$82K	$34K	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	9m 49s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee InjectivebpOrdersPrice spread, now −0.706%Rate

Funding earned: $7
Price spread: −0.706% → 0.000%: −$70.65
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$73.67
Costs to cover: 0.100%
Break-even: 80.7 days

Slippage unknown: OKX: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

OKX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WMT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WMTUSDT	0.0000%	8h	107.33	−0.233%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.102%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAPlong	0.0000%	8h	107.58	long leg	$82K	$34K	20x
Gate WMT_USDT	0.0000%	8h	107.50	−0.074%	$814K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.52	−0.056%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	107.85	+0.251%	$5K	$345K	20x	as long as short
QFEX WMT-USD	+0.0024%	1h	107.57	−0.009%	$1.1M	$2.3M	10x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−0.706%	$3K	$26K	12x
Variational Omni WMT	+0.0082%	8h	107.61	+0.026%	$61K	$79K	—	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.70	+0.112%	$33K	$892K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDT	+0.0100%	8h	107.57	−0.009%	$2K	$3.0M	10x	as long as short
Binance WMTUSDT	+0.0349%	8h	107.58	0.000%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0352%	1h	107.57	−0.011%	$23K	$115K	10x	as long as short
edgeX WMTUSDC	+0.0485%	4h	107.56	−0.019%	$15K	$256K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0578%	8h	107.59	+0.009%	$427	$131K	10x	as long as short